Slavery Museum Files Reorganization Plan

RICHMOND, Va. – The U.S. National Slavery Museum former Gov. L. Douglas Wilder hoped to open in Fredericksburg, Va., filed a reorganization plan in federal bankruptcy court on Feb. 17. The plan proposes a way for the museum to resume operations and pay off its debts of over $7 million.

The museum filed for Chapter 11 protection from its creditors last September following 10 years of controversy, strained relations with the city, shaky finances and a penchant for secrecy (see November 2011 CWN).

A hearing on the disclosure statement about the museum’s assets and debts has been set for April 11. At a subsequent hearing the reorganization plan will be discussed and at that or a follow-up hearing, the creditors will vote whether to accept the museum’s proposed reorganization plan....